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Improving Biodiversity and Communities With Net-Zero Goals. Join GreenBiz and SilviaTerra co-founder and CEO Zack Parisa for a discussion about the correlation between climatechange, biodiversity, and community. Every year, more and more organizations pledge to go net-zero.
HSBC is latest bank to pledge net-zero financed emissions by mid-century. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Cecilia Keating.
DESCRIPTION: At Qualcomm, we believe we can help address the environmental, social, and economic impacts of climatechange by working together across all sectors of society. What does it mean to achieve net-zero? Why did Qualcomm decide to commit to net-zero? Why 2040 vs 2050? Why set interim goals?
Apple creates $200 million fund for nature-based climate solutions. Nature-based solutions to climatechange are having a moment, and Apple is riding the trend with a $200 million fund dedicated to related investments. . What started as a $10 million investment became the $100 million Right Now Climate Fund. Jesse Klein.
Over the last decade and a half, a standard form has emerged in which governments and corporations have made their promise to do so: the net-zero target. As a strategy, the net-zero target has been criticized by climate advocates; at its worst, it can be a vague, unenforceable greenwashing program. In the U.S.,
The IPCC is expressing the need for urgent action on climatechange and society is expecting sustainability leaders to answer the call. Corporations play an important role in helping tackle climatechange in this critical decade, through emission reductions targets and ambitious netzero goals.
Wasn’t it just another form of carbonoffset, akin to forest protection or renewable cookstove initiatives? Today, the need for carbon removal is no longer a matter of speculation; it’s seen as a necessity. According to the UN Intergovernmental Panel on ClimateChange (IPCC), carbon dioxide removal (CDR) is “unavoidable.”
A convoy of tractors was making its way to a Dutch government building in February when Tesla CEO Elon Musk tweeted out his support for farmers revolting against the EU’s regulatory push to drive down climate emissions: “I’m pro-environment, but I support the farmers! Farming has no material effect on climatechange.”
Carbonoffsets occupy a relatively small space on the spectrum of environmental, social and governance (ESG) issues. But as more countries and companies commit to net-zerocarbon emissions goals, they’re steadily gaining attention from investors as a tool to accelerate carbon reductions.
Along the way, I’ve spoken with airline consultants, fuel producers, carbonoffset experts and industry critics, as well as with Shell executives, to understand the technologies and market drivers that could, over time, enable aviation to align with other industries in meeting the terms of the 2015 Paris climate agreement.
A recent report from McKinsey & Company offered some hard evidence for what environmentalists have long known to be a mounting concern: The current carbonoffset market will struggle in the next thirty years to meet the exponentially increasing demands placed on it by corporate America’s collective drive to meet their carbon pledges.
s Association of Independent Music launched the Music Climate Pact , which was signed by all three major labels – Universal, Warner and Sony – along with large indies like Secretly Group and Ninja Tune. The post The music industry changes its tune on climatechange appeared first on Corporate Knights.
The project had history in Kenya going back to 2004 and was Gold-level CCB certified achieving the highest level of the Climate, Community & Biodiversity Standard for exceptional biodiversity, climatechange adaptation and community benefits. Carbon removal is not just a technical fix for carbon emissions.
Thanks to the rise in plastics pledges, an emerging and undefined market for plastic offsets is just beginning to take shape. And, much like the market for carbonoffsets, it’s messy. . There’s a new kid on the block of sustainability claims being made by businesses: "plastic neutrality." Given that U.S.
Impakter ‘Phantom’ CarbonOffsets Found to Have No Climate Benefit Contrary to what your gym membership wants you to believe, you can’t out-exercise a poor diet – you are what you eat at the end of the day. The same can probably be said for carbonoffsets and climatechange. Lauren Richards
In order to avoid the worst impacts of global warming, scientists agree that the world needs to reach net-zero greenhouse gas emissions by midcentury. The idea is that if everyone aims for net-zero by 2050 and comes reasonably close to achieving it, the world will be spared a climate nightmare.
Macquarie Group’s Commodities and Global Markets division announced today an investment in carbonoffset project-focused consultancy Ecological CarbonOffset Partners (EP Carbon), in a move aimed at supporting EP Carbon’s expansion and advancing Macquarie’s voluntary carbonoffsets business.
Haya Over a billion dollars have been spent on forest and land use carbon credits to “offset” emissions. These offsets have been heralded as a means of protecting and growing the world’s remaining forests, and of addressing climatechange. But offsets aren’t delivering. The stakes could not be higher.
Two seemingly interchangeable terms often seen are ‘ Carbon Neutral ’ and ‘ NetZeroCarbon ‘ The two, however, are not the same thing. Carbon neutral refers to a policy of not increasing carbon emissions and of achieving carbon reduction through offsets.
body, set a course for airlines to offset emissions of international flights above a 2019-20 baseline. The pandemic led ICAO to scale back the program, CORSIA (for CarbonOffsetting and Reduction Scheme for International Aviation), to make it easier for airlines to comply. A bill introduced in the U.S.
How about June, when Unilever committed to zeroing-out emissions from all its products by 2039 ? billion over the next five years as it moves toward a 2050 net-zero target? dairy brand that committed to going carbon-negative by 2025 ? If so, should we be building an offsets market around soil credits?
The company also announced that enterprises can now add Lenovo CO2 offsets to their purchase of select Lenovo ThinkSystem servers. This milestone that we celebrate today, and the extension of CO2 offset services to our server portfolio, highlights the focus and vigour of our efforts to enlist our clients in the fight against climatechange.
The standard setter emphasises internal decarbonisation, action-based targets as part of revamped netzero standard for corporates. Wyburd said that while carbon credits and removals can support the path to netzero, they must never be a substitute for internal decarbonisation.
Marketing services provider HH Global announced today a series of climate targets aimed at aligning its netzero emissions goal with science-based standards. According to SBTi, science-based netzero requires decarbonization of 90-95% by 2050, with neutralization of residual emissions that are not yet possible to cut. .
billion will enable it to profit from tackling climatechange while continuing to extract oil and gas for 60 or more years into the future, says CEO Vicki Hollub. Earlier this year, she said DAC will one day help Occidental bring its operations to net-zero, allowing it to continue investing in oil extraction. “We
More recently, companies such as Microsoft and Swiss Re have been drawn to CDR as a way to more credibly meet their net-zero goals. The reasoning is simple: A traditional carbonoffset only prevents additional CO 2 from entering the atmosphere (instead of removing already-emitted CO 2 ). Calculating CDR Impact.
Carbonoffset markets have always been complex and controversial instruments to fight climatechange. Reading this article, you will better understand the carbonoffsets market, carbonoffsets controversy and the key initiatives to follow. CarbonOffsets Markets size.
Many American companies are relying on carbonoffsets to reduce their carbon footprint, especially those who have pledged to achieve 'net-zero emissions.' The results show that a single hurricane may wipe out 5% to 10% of total above-ground forest carbon, through tree damage, in New England.
A similar message appears to be forthcoming from reports on 9 December by the Committee on ClimateChange on the important role both businesses and the public sector have in delivering NetZero across the real economy. Pathways to Net-Zero need to be tailored to the organisational context.
degrees Celsius as a result of climatechange, the UN reports that we must collectively achieve climate neutrality by 2050. Here’s what you need to know to get started right now: What Is Climate Neutrality? Climate neutrality must be accompanied by climate adaption and biodiversity strategies.
A wave of anti-“greenwashing” litigation is seeking to hold major players in the aviation industry to account for sensational claims of being sustainable, low-carbon or contributing to netzero. It’s not hard to see why the aviation industry has provoked the ire of climate activists.
Climatechange can impact our timberlands and operations in both negative and positive ways. Impacts are more likely to be opportunities, leveraging the benefits of forests and wood products as natural climate solutions. In addition, the net-zero transition could result in higher energy costs.
Rob Jenkinson is NetZero Program Manager at Swedish bearing and seal manufacturing firm SKF. Reaching NetZero operations by 2050 will require huge changes in industrial practices – such as how we use energy and source raw materials – but despite all the challenges, the target is achievable writes Rob Jenkinson.
A group of carbon market and removal-focused organizations* announced the publication of an open letter to the NetZero Asset Owners Alliance (NZAOA), calling on the investor group to affirm its support for carbon removal technologies, after disallowing their use in its members’ climate goals.
Engaging with state-owned firms is challenging and potentially less effective, Carbon Tracker warns. Investors that have set netzero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards.
DESCRIPTION: Globally, there is an urgent need to take climate action and address related risks and opportunities as we transition to a lower carbon economy. The physical and transition effects of climatechange can influence a business’ bottom line and its ability to compete in the future.
NetZero Marketplace brings together carbon credit project providers, buyers, & third-party raters. Salesforce announced that several third-party ratings companies have joined NetZero Marketplace as inaugural partners, including Calyx Global and Sylvera.
Julia Hoggett, CEO of the London Stock Exchange, said: “Our goal is to facilitate the financing of projects that are focused on climatechange mitigation. Today’s publication of our admission and disclosure standards marks the launch of the first public markets solution to help raise capital for the voluntary carbon market. “It
While almost a third of those questioned (33%) believed carbonoffsetting is a viable strategy for achieving net-zero emissions, just 37% have employed it as a strategy to reduce their businesses’ environmental impact. Worryingly, only 3% of those interviewed said their organisation was currently at netzero.
DESCRIPTION: We believe that climatechange is a serious environmental, social and economic threat that calls for immediate and concerted action among all sectors of society. C and the United Nations’ Race to Zero. To reach net-zero global operational GHG emissions for Scopes 1, 2 and 3 by 2040. SOURCE: Qualcomm.
C, and investee companies are not yet facing full scrutiny of their netzero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be netzero aligned by 2030.
A similar message appears to be forthcoming from reports on 9 December by the Committee on ClimateChange on the important role both businesses and the public sector have in delivering NetZero across the real economy. Pathways to Net-Zero need to be tailored to the organisational context.
Xpansiv provides infrastructure enabling market participants to value and exchange environmental commodities such as carbon, energy and water, and provides market data for voluntary carbonoffsets, renewable energy credits (RECs), and low-carbon fuels.
Many of the decarbonization technologies needed do not yet exist, are not yet economically feasible or are not expected to scale quickly enough to achieve the insector reductions needed to reach netzero by 2050. See page 26 for more information.)
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